How to make the best of a Compulsory Purchase Order
With the Government on a mission to deliver 300,000 new homes a year there’s a growing recognition that it also needs to invest in new roads, rail, utilities and other infrastructure.
As a result there is likely to be an ongoing demand to use compulsory purchase powers (CPOs) to make it all happen – and that can often be difficult for the landowner unless they’ve got a sound professional adviser on their team.
At Hobbs Parker Property Consultants we’re not going to pretend it’s an easy process, but we can help you through it.
The chances are the CPO will happen and there is sometimes not a lot you can do about it, but what we can do is offer some advice to help owners protect themselves – and ensure they get the correct compensation.
The first thing to consider is that there is no textbook example of a CPO, they can be brought about via any number of methods.
They are also taking an increasingly long time because of the requirements of acquiring authorities to properly consider the impact of the scheme on landscape, heritage, ecology and more.
This involves surveys, which are one of the key reasons why owners need to seek expert advice at the earliest opportunity.
Early involvement of the professional team ensures owners know their rights and can take action to mitigate the disruption (and potential damage) caused by those surveys.
Early advice can also help highlight the potential impact of the scheme and can potentially encourage the authorities to make changes.
Sometimes, it is not possible to change the design, for example for engineering reasons, meaning there is the potential for significant impact on the property resulting in total displacement.
In these situations it is essential owners are advised by surveyors who understand the compensation code to ensure fair and equitable compensation is achieved.
Often the best solutions are those where terms are agreed in advance of the CPO, giving landowners the comfort of achieving fair compensation without the stress of difficult negotiations.
If you hear the phrase CPO in relation to your property, don’t wait to be in doubt: speak to an expert immediately.
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